Aura Minerals (TSE:ORA) has released an update.
Aura Minerals Inc. has announced the approval of a normal course issuer bid for its common shares and a concurrent buyback program for its Brazilian depositary receipts, indicating a strategic move to enhance shareholder value. Both programs are set to begin soon, with the company authorized to repurchase a certain percentage of its public float, with the belief that these purchases will benefit the company and its investors. The company’s management has outlined the specifics of the buyback limits and noted that the acquired shares may be canceled or held, depending on the company’s governance conditions.
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